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Businesswomen in West Africa lose 38% of their profits and 34% of their monthly turnover, compared to their male counterparts. This was revealed in a recent study by the World Bank discussed at the first-ever regional financing initiative in support of businesswomen, in Côte d’Ivoire.
The situation is due to some challenges and barriers preventing women from fully participating in the...
On April 23, 2019, President Faure Gnassingbé inaugurated a new concrete-reinforcing rods factory in Kara, Northern Togo.
The facility which is estimated to have cost CFA4.1 billion spans five hectares in the Kara free zone. Baptized Steel Cube Togo (SCT), it was built by Indian firm HCURE IMPEX LLP. According to Agence togolaise de presse (ATOP), the plant has a production capacity of...
Britain’s exit from the European Union will “significantly affect conditions for access to the British market for developing countries.” This is according to the UNCTAD which however adds that this will have little impact on Togo.
In the related report, the institution indicates that the WAEMU is one of the least exposed regions to the Brexit. The document attributes this to low exports by...
In 2020, Togo will no more rely on a means-based budget rather opting for a programme-based one. The shift aims at improving the State’s performances towards achieving its goals.
The measure was taken during a meeting, called by the Ministry of Economy, on April 23, in Lomé. The latter regrouped various officials such as general secretaries and directors, and department chiefs to get them...
The World Bank just greenlit a $224.7 million financing to help BOAD and ECOWAS expand access to off-grid power across 19 countries, in West Africa and Sahel, therefore including Togo.
The funds fall under the off-grip power regional project. Most of these, $150 million, will be in the form of loans and grants from the International Development Association (IDA) while the...
A total of 61,000 households from 585 villages spread across Togo’s 209 poorest districts will receive over two years, a quarterly subsidy of XOF15,000. This is part of the government’s social nets and basic services project (Filets Sociaux et Services de Bases or FSB in French) launched last December, and funded by the State and the World Bank.
The new campaign was launched April 23 at...
The Technical Support Council Institute of Kara (ICAT-Kara) is holding a working session related to the Kara agropole project.
The training, according to reliable sources, will teach staff deployed on the field, how to identify sites for agricultural cooperation and technical centres as well as production blocks that are part of the Kara agropole.
This session follows a vast tour led by the...
In 2018, Togo was within the West African Economic and Monetary Union (WAEMU), the country that recorded the highest increase in money deposits at microfinance institutions, or decentralized financial systems (DFS), knowingly +24.8%. The nation came ahead of others like Mali (+23.4%), Benin (+6%) and Côte d’Ivoire (+5.9%).
The data was revealed in the recent report of the West African States...
In Togo, the mining governance and development project (PDGM) backed by the World Bank, has recently sponsored a quality training at the University of Lomé.
The PDGM invested CFA700 million in the training. The latter mainly focuses on improving skills and logistics of both lecturers and students through practical works and by rehabilitating lecture halls. In addition, a bus and pick-up were...
Last Friday, Togo raised XOF77 billion through a fungible Treasury bond issuance. This is almost four times the amount initially sought and represents a 385% oversubscription.
The operation is the second of the quarter and the first was as well highly oversubscribed. Investors come from all WAEMU States, with the exception of Guinea-Bissau and Niger.
Togo’s public treasury out of the amount...
Out of 180 countries, Togo is 76th on the 2019 press freedom rankings released April 18, 2018. The country thus jumped ten places in the rankings with an increase of 0.54pt in its score.
“Press offenses have been depenalized since 2004 and professional journalism organs now have a great capacity to defend the press when it is attacked,” says Reporter Sans Frontière (RSF).
Commenting...
Less than a quarter (20%) of the Togolese population uses mobile internet, recent data from the Global System for Mobile Communications Association (GSMA) shows. This trend is spread across the sub-region and rings a bell regarding efforts that need to be made to achieve digital inclusion.
Indeed, according to the association, in West Africa 61% of the population has no access to broadband even...
Ecobank raised $450 million during its last bond issuance on the international market.
“The success of this Eurobond reflects the interest of first-class institutional investors and their confidence in our group,” says Greg Davis, financial director of Ecobank. “This issuance is the result of efforts made to strengthen our group and create value for shareholders,” added Ade Ayeyemi,...
In Togo, the national development plan will boost growth by encouraging investments, the credit insurer COFACE indicates in its 2019 report on sectoral risks and forecasts.
In the report that analyzes 161 countries, the insurer indicates that “the contribution of overall investments to growth should be important in 2019 due to the launch of projects in the national development plan -2/3 of...
Nearly one out of five Togolese (18%) depend a little on remittances, Afrobaromètre revealed in its latest poll on emigration and according to the report, 34% of those surveyed in Togo have a relative living outside the country.
This figure (18%) is a little below the average in Africa, considering that the survey concerned 34 countries. Indeed, the study found that 21% of the total population...
This Friday, April 19, Togo intends to raise another XOF20 billion by issuing fungible treasury bonds on the UMOA securities market. This was announced April 17 by the regional debt planning agency.
Nominal value per unit security for the operation is a million CFA with multiple interest rates and a 12-month maturity period (364 days). Securities issued are to come into value next April 20th....